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A&W Revenue Royaltiesome Fund (TSX:AW.UN) Cyclically Adjusted PB Ratio : 3.10 (As of Jun. 03, 2025)


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What is A&W Revenue Royaltiesome Fund Cyclically Adjusted PB Ratio?

As of today (2025-06-03), A&W Revenue Royaltiesome Fund's current share price is C$36.93. A&W Revenue Royaltiesome Fund's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was C$11.90. A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio for today is 3.10.

The historical rank and industry rank for A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSX:AW.UN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.4   Med: 4.08   Max: 6.7
Current: 3.1

During the past years, A&W Revenue Royaltiesome Fund's highest Cyclically Adjusted PB Ratio was 6.70. The lowest was 2.40. And the median was 4.08.

TSX:AW.UN's Cyclically Adjusted PB Ratio is not ranked
in the Restaurants industry.
Industry Median: 1.72 vs TSX:AW.UN: 3.10

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

A&W Revenue Royaltiesome Fund's adjusted book value per share data for the three months ended in Jun. 2024 was C$15.362. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$11.90 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


A&W Revenue Royaltiesome Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

A&W Revenue Royaltiesome Fund Cyclically Adjusted PB Ratio Chart

A&W Revenue Royaltiesome Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.45 4.29 4.21 3.35 2.73

A&W Revenue Royaltiesome Fund Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.39 3.22 2.73 2.57 2.40

Competitive Comparison of A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio falls into.


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A&W Revenue Royaltiesome Fund Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

A&W Revenue Royaltiesome Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.93/11.90
=3.10

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A&W Revenue Royaltiesome Fund's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, A&W Revenue Royaltiesome Fund's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=15.362/127.5217*127.5217
=15.362

Current CPI (Jun. 2024) = 127.5217.

A&W Revenue Royaltiesome Fund Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.128 99.473 10.420
201409 8.099 99.394 10.391
201412 8.027 98.367 10.406
201503 7.931 99.789 10.135
201506 8.070 100.500 10.240
201509 8.010 100.421 10.172
201512 8.021 99.947 10.234
201603 7.988 101.054 10.080
201606 0.000 102.002 0.000
201609 7.968 101.765 9.985
201612 8.005 101.449 10.062
201703 8.463 102.634 10.515
201706 8.465 103.029 10.477
201709 0.000 103.345 0.000
201712 8.546 103.345 10.545
201803 8.667 105.004 10.526
201806 -8.148 105.557 -9.843
201809 0.000 105.636 0.000
201812 8.743 105.399 10.578
201903 8.772 106.979 10.456
201906 10.778 107.690 12.763
201909 10.777 107.611 12.771
201912 10.751 107.769 12.721
202003 10.735 107.927 12.684
202006 10.966 108.401 12.900
202009 11.066 108.164 13.046
202012 10.762 108.559 12.642
202103 10.493 110.298 12.132
202106 14.854 111.720 16.955
202109 0.000 112.905 0.000
202112 14.902 113.774 16.703
202203 0.000 117.646 0.000
202206 15.165 120.806 16.008
202209 15.188 120.648 16.053
202212 15.150 120.964 15.971
202303 15.210 122.702 15.807
202306 15.295 124.203 15.704
202312 15.245 125.072 15.544
202403 15.366 126.258 15.520
202406 15.362 127.522 15.362

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


A&W Revenue Royaltiesome Fund  (TSX:AW.UN) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


A&W Revenue Royaltiesome Fund Cyclically Adjusted PB Ratio Related Terms

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A&W Revenue Royaltiesome Fund Business Description

Traded in Other Exchanges
N/A
Address
300-171 West Esplanade, North Vancouver, BC, CAN, V7M 3K9
A&W Revenue Royalties Income Fund is a limited purpose trust established to invest in A&W Trade Marks Inc, which through its ownership interest in A&W Trade Marks Limited Partnership owns the A&W trade-marks used in the A&W quick service restaurant business in Canada. It has granted A&W Food Services of Canada Inc, a license to use the A&W trade-marks to market Root Beer in cans and bottles to the retail grocery trade as well as its acts as a franchisor of hamburger quick-service restaurants in Canada.

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